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The Czechoslovak Monetary Reforms - Costs of both World Wars

Publication at Faculty of Arts |
2008

Abstract

Inflationary tendecy was one of results of WWs. Uncovered emission of banknotes resulted in the high inflation during the WWI.

During the WWII was inflation influenced by forced drain of finances to Germany where they were lost. The solution was the same in both causes'bounded deposits' allowed to uphold the value of currnacy.

Impacts for population were different as a consequence of internal changes.